Lotte Distribution Group Awards Sangjeon Distribution Academic Prize... 100 Million Won Given to 6 Scholars

Late Honorary Chairman Shin Gyeok-ho Named as Exemplary Patron, 4th Annual Event
1 Billion KRW Awarded to 6 Scholars This Year... Total 22 Recipients, 370 Million KRW in Prizes
Vice Chairman Kim Sang-hyun: "Promoting Distribution Industry Development... Hoping to Boost Economic Revitalization"

At the Sangjeon Distribution Academic Award ceremony held on the 3rd at Lotte Hotel World in Songpa-gu, Seoul, Kim Sang-hyun, Vice Chairman and General Manager of Lotte Distribution Group (left in the photo), presented a bouquet and a plaque to Lim Chae-woon, Honorary Professor at Sogang University and recipient of the Academic Grand Prize. Photo by Lotte Shopping.

[Asia Economy Reporter Yuri Kim] Lotte Distribution Group announced on the 8th that it held the '4th Sangjeon Distribution Academic Award' ceremony on the 3rd at Lotte Hotel World in Songpa-gu, Seoul, in collaboration with the Korea Distribution Science Association.

The Sangjeon Distribution Academic Award was established to discover, nurture, and encourage outstanding researchers in distribution science to advance the distribution industry. It was named 'Sangjeon (象殿) Distribution Academic Award' after the pen name of the late Honorary Chairman Shin Kyuk-ho.

This is the 4th ceremony since the first awardee in 2019. This year, a total of 100 million KRW in prize money was awarded to six recipients: one Grand Academic Award winner, four Excellence Awards in academic, policy, and logistics fields, and one New Scholar Award winner. So far, a total of 370 million KRW has been awarded to 22 scholars who contributed to the development of distribution-related research and policy.

This year's 'Grand Academic Award' was given to Professor Emeritus Lim Chae-woon of Sogang University. Professor Lim served as the 16th Chairman of the Small and Medium Business Corporation, working to expand market channels and advance marketing for SMEs. He also served as president of major distribution-related academic societies and conducted research for coexistence between large and small-medium distribution businesses. In industry-academia cooperation, he contributed to nurturing distribution experts by participating as an advisor professor at in-house distribution graduate schools such as Lotte Department Store.

The 'Excellence Award in Academic Field' was awarded to Professors Park Jin-yong of Konkuk University and Kang Moon-young of Soongsil University. The 'Excellence Award in Policy Field' went to Professor Cho Chun-han of Gyeonggi College of Science and Technology. The 'Excellence Award in Fulfillment & Logistics Field,' newly established last year, was awarded to Professor Woo Suhan of Chung-Ang University. The 'New Scholar Award' was given to Dr. Kim Hyun-ah of Konkuk University. The Grand Award winner received 30 million KRW, each Excellence Award winner received 15 million KRW, and the New Scholar Award winner received 10 million KRW, totaling 100 million KRW in prize money.

This year's Sangjeon Distribution Academic Award ceremony was held at Lotte Hotel World. Considering the national mourning period, the event was minimized in scale, and attendees expressed deep condolences through a moment of silence for the victims, proceeding in a calm and quiet atmosphere.

At Lotte Distribution Group, Kim Sang-hyun, General Representative (Vice Chairman), served as the award presenter, and representatives from seven companies within the distribution group, including Jung Jun-ho, CEO of Lotte Department Store, and Kang Sung-hyun, CEO of Lotte Mart, attended to congratulate the awardees. Song Yong-duk and Lee Dong-woo, CEOs of Lotte Holdings, also attended.

Vice Chairman Kim Sang-hyun said, "We express our gratitude to the scholars who proposed the future vision and alternatives for distribution based on their passion for distribution science," adding, "We hope the Sangjeon Distribution Academic Award will promote the development of the distribution industry, a core sector supporting domestic consumption, and lead to the revitalization of the domestic economy."

This content was produced with the assistance of AI translation services.